J.A.B. International , Inc. ( "JAB" ) was established with the purpose of engaging in the
business of mining and exporting diamonds and gold from the Central African Republic (
"CAR" ) for sale in the United States and Europe. JAB decided to engage in this business
because of a long history in the CAR, which included researching the country and assessing
its suitability as a site for our mining operation.
To this effect, JAB has acquired a CAR registered company VOCAR, S.A.R.L. VOCAR
now holds the permits to a mining concession located in the Southeastern section of the
country. The mining area is 3,500 square kilometers in size with one major river and
hundreds of tributaries flowing through it. During the early development of this project, JAB
initiated an exploration program, digging over 50 test pits, these test pits have indicated a
yield of 0.23 carats of Diamonds and 0.2 grams of gold per cubic meter of gravel. We have
estimated that the property has over 5,000,000 cubic meters of Diamond and Gold bearing
gravel.
In 1997, JAB acquired the "Esperanza gold Project", a 45,000 acre placer Gold Mine in
Southeastern Honduras. Only minor exploration has taken place to date, however a full
geological and engineering report will be completed by the Spring of 1999.
JAB has just completed a merger with the Brush Creek Mining and Development Company,
Inc,. a Nevada Corporation ( OTC BB : BCMDD ) formerly on the NASDAQ exchange.
Brush Creek owns or leases thirteen former producing Gold Mines in the most famous
high-grade gold district in California. The company's land is assessed at $18,000,000.00
with an $8,000,000.00 mill plant on site and a $46,000,000.00 tax loss carry forward. The
company has over 8,000 acres of patented and un-patented Lode and Placer claims. In
addition the company controls 49,000 feet along a major gold bearing structure.
It is the intent of JAB to raise up to $50,000,000.00 for these projects and to have the
company re-listed on the NASDAQ exchange. The necessary steps to accomplish this have
already begun, along with a joint venture with Ateba Mines, a Canadian publicly traded
company who controls a 1,000 kilometer site in the Central African Republic. Ateba's
property will be combined with that of JAB's with Ateba retaining a yet to be determined
amount of stock and two seats on JAB's Board of Directors.
Negotiations are also underway with McLaughlin Engineering & Mining Co. of California to
merge with JAB. McLaughlin is an established company in the mining community with
audited earnings of over $3,000,000. It is the plan of the company to have McLaughlin's
personnel operate the Brush Creek properties.
JAB has enlisted the services of Big 6 Accounting firm Deloitte & Touche to complete an
audited financial statement of the company and a valuation of the mining project. We have
also contracted the Geological and Mining Consulting firm of A.C.A. Howe International to
conduct the geological studies. The engineering firm of Kilborn, Inc. will also be retained to
produce the engineering and feasibility studies of the properties. And Geoterrex-Dighem will
complete a high resolution airborne magnetic and geophysical survey of the Central African
property to locate the diamond source.
JAB has enlisted the services of some of the biggest names in the mining industry to supply
the and support equipment needed for this project. Some of these individuals will also act as
consultants for the on going operation. They will include: James Noble, President of IRD,
manufacturers of the mineral recovery plants, Troy Deal, President of Aztec Development
Inc., inventor and manufacturer of the underwater dredging system, Harold McQuire, mining
engineer and Dennis Medina of Exploration Products, designer and supplier of the base
camp.
JAB will use the services of Baker & Hostetler, P.A., one of the country's largest and most
reputable law firms for its corporate legal work and Grocock & Abranson, P.A. as counsel.
JAB will also be using the public relations firm of Pollard Enterprises and the investor firms:
Worldwide Capital Group in New York and Lee Walters and Associates in Orlando, FL.
Also, numerous jewelry manufacturers and diamond wholesaler buyers in Europe and the
U.S. have been established to buy the entire diamond production as soon as the operation
begins.
PROJECT LOCATIONS:
AFRICA: |
